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Shareholders' Equity and Share-based Compensation (Tables)
6 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Restricted Stock Units Activity
Time-based Restricted Stock Units (TRSU)
The following table summarizes the Company's TRSU activities for the six months ended December 31, 2021:
 Number of Restricted Stock
Units
Weighted Average
Grant Date Fair
Value Per Share
Weighted Average
Remaining
Contractual
Term (Years)
Aggregate Intrinsic Value
Nonvested at June 30, 20211,053,524 $21.60 1.73$32,016,594 
Granted117,095 $36.06 
Vested(71,284)$21.04 
Forfeited(41,376)$22.12 
Nonvested at December 31, 20211,057,959 $23.21 1.36$64,069,997 
The following table summarizes the Company’s PRSUs activities for the six months ended December 31, 2021:

 Number of Performance-based Restricted Stock
Units
Weighted Average
Grant Date Fair
Value Per Share
Weighted Average
Remaining
Contractual Term
(Years)
Aggregate Intrinsic Value
Nonvested at June 30, 2021353,824 $22.69 1.74$10,752,711 
Vested(750)$16.22 
Forfeited(1,000)$16.22 
Nonvested at December 31, 2021352,074 $22.72 1.24$21,321,601 
Summary of Stock Option Activities The following table summarizes the Company's stock option activities for the six months ended December 31, 2021:
Weighted
WeightedAverage
AverageRemaining
Number ofExercise PriceContractual Aggregate
SharesPer ShareTerm (in years)Intrinsic Value
Outstanding at June 30, 2021487,875 $7.99 2.32$10,928,653 
Exercised(36,600)$8.21 
Outstanding at December 31, 2021451,275 $7.97 1.81$23,731,985 
Options vested and expected to vest451,275 $7.97 1.81$23,731,985 
Exercisable at December 31, 2021451,275 $7.97 1.81$23,731,985 
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions The assumptions used to estimate the fair values of common shares issued under the ESPP were as follows:
Six Months End December 31,
2021
Volatility rate66.4%
Risk-free interest rate0.3%
Expected term1.3 years
Dividend yield0%
Share-based Compensation, Allocation of Recognized Period Costs
Share-based Compensation Expense
The total share-based compensation expense recognized in the Condensed Consolidated Statements of Operations for the periods presented was as follows:
Three Months Ended December 31,Six Months Ended December 31,
2021202020212020
(in thousands)(in thousands)
Cost of goods sold$1,709 $383 $2,278 $768 
Research and development1,912 1,243 2,955 2,323 
Selling, general and administrative4,926 1,598 7,949 3,009 
$8,547 $3,224 $13,182 $6,100